Legal Updates

Stay informed with the latest GST, Income Tax & compliance notifications

RERA Authorities Empowered to Freeze Bank Accounts of Defaulting Builders

Apr 16, 2025 • Adv. Mahtab Ali Ansari
Tags: RERA Real Estate Homebuyer Protection

As of April 5, 2025, amendments to the RERA rules empower State Regulatory Authorities to take stricter action against defaulting developers. The updated provisions allow RERA to freeze bank accounts, initiate direct recovery proceedings, and enhance enforcement to protect homebuyers’ interests and ensure timely project completion.

Back to Updates
Categories
Recent Posts